---
title: "SharpLink Gaming (SBET) Shares Soar After Becoming Largest Corporate Ethereum Holder"
description: "SharpLink Gaming Inc (SBET) shares surged over 19% after the company became the largest corporate holder of Ethereum, now owning 280,706 ETH. This milestone was achieved through a recent purchase of 7"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/248828531.md"
published_at: "2025-07-16T15:12:30.000Z"
---

# SharpLink Gaming (SBET) Shares Soar After Becoming Largest Corporate Ethereum Holder

> SharpLink Gaming Inc (SBET) shares surged over 19% after the company became the largest corporate holder of Ethereum, now owning 280,706 ETH. This milestone was achieved through a recent purchase of 74,656 ETH at an average price of $2,852, funded by $413 million raised through equity. SharpLink has staked 99.7% of its ETH, generating 415 ETH in rewards. Despite a high momentum score of 99.18, the stock has a low value score of 1.12, indicating it may be overvalued. The stock's price is currently $34.73, with a 52-week range of $2.26 to $124.12.

Shares of **Sharplink Gaming Inc** SBET are trading higher Wednesday, continuing a rally ignited by recent cryptocurrency announcements. The stock’s momentum follows Tuesday’s news that the company has officially become the world’s largest corporate holder of **Ethereum** ETH/USD.

**What To Know:** SharpLink disclosed it now holds 280,706 ETH as of July 13. This milestone was achieved through a recent purchase of 74,656 ETH at an average price of $2,852.

The company funded these buys by raising approximately $413 million in net proceeds through its at-the-market equity facility. Signaling its bullish outlook, SharpLink confirmed it still has around $257 million earmarked for further ETH purchases.

Beyond accumulation, the company highlighted it is actively maximizing returns. SharpLink reported it has staked 99.7% of its ETH holdings, a strategy that has already generated 415 ETH in rewards since its launch on June 2.

The market has responded enthusiastically to this aggressive pivot towards an ETH-centric treasury strategy. The news sent shares soaring over 17% on Tuesday, with the rally extending into Wednesday as investors embrace the company’s crypto strategies.

**Benzinga Edge Rankings:** Based on Benzinga Edge stock rankings, SBET presents a mixed but distinct profile for traders. The stock boasts an exceptional Momentum score of 99.18, placing it in the top percentile of stocks based on its recent price performance and indicating a powerful uptrend.

In stark contrast, it receives a very low Value score of 1.12, which suggests the stock may be considered significantly overvalued based on fundamental financial metrics when compared to its peers.

This profile highlights a classic high-momentum stock that is attracting significant investor interest, though it may not appeal to those focused on traditional value investing.

**Price Action:** According to data from Benzinga Pro, SBET shares are trading higher by 19.9% to $34.73 Wednesday morning. The stock has a 52-week high of $124.12 and a 52-week low of $2.26.

**Read Also: SharpLink Gaming Stock Gains After Announcing Ethereum Purchase**

### Trending Investment Opportunities

## How To Buy SBET Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in SharpLink Gaming’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

*Image: Shutterstock*

### Related Stocks

- [SBET.US - Sharplink](https://longbridge.com/en/quote/SBET.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| CloudAlpha Capital Management Limited Hong Kong 向 Sharplink Gaming Inc. $SBET 投资了 3081 万美元 | CloudAlpha Capital Management Limited 香港在第三季度投资了 3081 万美元于 Sharplink Gaming Inc.（NASDAQ:SBET），通过收购 1,811,414 股。这项投资约占 Cl | [Link](https://longbridge.com/en/news/275468426.md) |
| 美股盘前热门交易：SharpLink 盘前跌 7.19%；西部数据盘前跌 6.05% | SharpLink 盘前跌 7.19%；西部数据盘前跌 6.05%；凯利服务-B 盘前涨 384.27%；C3is 盘前涨 48.03%；BANXR 盘前涨 34.73%。 | [Link](https://longbridge.com/en/news/274975042.md) |
| 美股夜盘异动：SharpLink Gaming 夜盘跌近 13%，加密货币新政与游戏创新双重打压市场信心 | SharpLink Gaming 夜盘跌 12.95%；Draftkings 夜盘跌 0.98%，成交额达到 5.05 万美元；High Roller Tech 夜盘涨 1.63%，成交额达到 4.93 万美元；拉斯维加斯金沙集团夜盘跌 0 | [Link](https://longbridge.com/en/news/274447693.md) |
| 美股盘中速递：Sharplink 更名助力股价涨 15.40%，但博彩市场诉讼风险暗潮涌动 | Sharplink 涨 15.40%；Draftkings 涨 4.58%，成交额达到 2.86 亿美元；拉斯维加斯金沙集团涨 1.58%，成交额达到 1.85 亿美元；Flutter ENT 涨 1.57%，成交额达到 1.64 亿美元； | [Link](https://longbridge.com/en/news/275168312.md) |
| Sharplink Gaming Inc. 更名为 Sharplink Inc | Sharplink Gaming Inc. 已更名为 Sharplink, Inc. 以反映其发展和更广泛的战略重点。该公司是以太坊的重要持有者，并支持以太坊的采用。此公告于 2026 年 2 月 3 日通过 GlobeNewswire 发 | [Link](https://longbridge.com/en/news/274662667.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.